Hardback
Recent Developments in Economics and Religion
The interdisciplinary field of economics and religion has come a long way since 2003 when Edward Elgar published the pioneering volume Economics and Religion. The influence of religious ideas on the birth of economics as a discipline and its rise to cultural dominance is now widely recognized. The largely Protestant discussion has been enriched by Roman Catholic contributions stimulated by recent Papal Encyclicals. The economics of religion has now matured into a respectable subfield of economics and articles on religion regularly appear in top economics journals. Together with an original and insightful introduction to place them in context, this volume makes available the most important recent contributions to the field and will be an invaluable research resource for scholars and academics alike.
More Information
Contributors
Contents
More Information
The interdisciplinary field of economics and religion has come a long way since 2003 when Edward Elgar published the pioneering volume Economics and Religion. The influence of religious ideas on the birth of economics as a discipline and its rise to cultural dominance is now widely recognized. The largely Protestant discussion has been enriched by Roman Catholic contributions stimulated by recent Papal Encyclicals. The economics of religion has now matured into a respectable subfield of economics and articles on religion regularly appear in top economics journals. Together with an original and insightful introduction to place them in context, this volume makes available the most important recent contributions to the field and will be an invaluable research resource for scholars and academics alike.
Contributors
51 articles, dating from 1991 to 2015
Contributors include: B. Bateman, D. Hungerman, L. Iannaccone, D. McCloskey, D. Meeks, J. Stolz. M. Volf, A.M.C. Waterman, R. Williams, R. Woodberry
Contributors include: B. Bateman, D. Hungerman, L. Iannaccone, D. McCloskey, D. Meeks, J. Stolz. M. Volf, A.M.C. Waterman, R. Williams, R. Woodberry
Contents
Contents:
Introduction Paul Oslington, Paul S. Williams and Mary Hirschfeld
PART I HISTORICAL RELATIONSHIPS
1. Dotan Leshem (2014), ‘The Ancient Art of Economics’, European Journal of the History of Economic Thought, 21 (2), 201–29
2. Constant J. Mews and Ibrahim Abraham (2007), ‘Usury and Just Compensation: Religious and Financial Ethics in Historical Perspective’, Journal of Business Ethics, 72 (1), April, 1–15
3. M. Douglas Meeks (2011), ‘The Peril of Usury in the Christian Tradition’, Interpretation, 65 (2), April, 128–40
4. Peter Harrison (2011), ‘Adam Smith and the History of the Invisible Hand’, Journal of the History of Ideas, 72 (1), January, 29–49
5. Paul Oslington (2012), ‘God and the Market: Adam Smith’s Invisible Hand’, Journal of Business Ethics, 108 (4), July, 429–38
6. Matthew B. Arbo (2014), ‘Theodicy and Commerce’, Studies in Christian Ethics, 27 (2), May, 131–43
7. Paul Oslington (2013), ‘God and Economic Suffering’, CRUX, 49 (3), Fall, 12–19
8. Bradley W. Bateman (2008), ‘2007 Presidential Address: Reflections on the Secularization of American Economics,’ Journal of the History of Economic Thought, 30 (1), March, 1–20
9. Thomas C. Leonard (2011), ‘Religion and Evolution in Progressive Era Political Economy: Adversaries or Allies?’, History of Political Economy, 43 (3), Fall, 429–69
10. Anthony M. C. Waterman (2008), ‘Is “Political Economy” Really a Christian Heresy?’, Faith and Economics, 51, Spring, 31–55
PART II RELIGIOUS ECONOMICS AND ITS CRITICS
11. António Almodovar and Pedro Teixeira (2010), ‘Is There a Catholic Economic Thought? Some Answers from the Past’, in Daniela Fernanda Parisi and Stefano Solari (eds), Humanism and Religion in the History of Economic Thought: Selected Papers from the 10th Aispe Conference, Part II, Milan, Italy: FrancoAngeli s.r.l., 125–47
12. Mary Hirschfeld (2014), ‘On the Relationship Between Finite and Infinite Goods, Or: How to Avoid Flattening’, Econ Journal Watch, 11 (2), May, 179–85
13. William McGurn (2002), ‘Pulpit Economics’, First Things, 122, April, 21–5
14. Paul Oslington (2010–2011), ‘Popes and Markets’, Policy, 26 (4), Summer, 31–34A
15. Daniel P. Payne and Christopher Marsh (2009), ‘Sergei Bulgakov’s “Sophic” Economy: An Eastern Orthodox Perspective on Christian Economics’, Faith and Economics, 53, Spring, 35–51
16. Michael Schluter (2010), ‘Beyond Capitalism: Towards a Relational Economy’, Cambridge Papers, 19 (1), March, 1–4
17. Kathryn Tanner (2004), ‘Economies of Grace’, in William Schweiker and Charles Mathewes (eds), Having: Property and Possession in Religious and Social Life, Part 3, Grand Rapids, MI, USA and Cambridge, UK: Wm. B. Eerdmans Publishing Company, 353–82
18. Miroslav Volf (2010), ‘Hunger for Infinity: Christian Faith and the Dynamics of Economic Progress’, in Captive to the Word of God: Engaging the Scriptures for Contemporary Theological Reflection, Part III, Chapter 6, Grand Rapids, MI, USA and Cambridge, UK: Wm. B. Eerdmans Publishing Company, 151–78
19. A. M. C. Waterman (1991), ‘The Intellectual Context of Rerum Novarum’, Review of Social Economy, Special Issue: Centennial of “Rerum Novarum” and Semicentennial of the Association, 49 (4), Winter, 465–82
20. A. M. C. Waterman (1999), ‘Market Social Order and Christian Organicism in Centesimus Annus’, Journal of Markets and Morality, 2 (2), Fall, 220–33
21. Anthony Waterman (2003), ‘Should We Listen to the Churches When They Speak on Economic Issues?’, Agenda: A Journal of Policy Analysis and Reform, 10 (3), April, 277–88
22. A. M. C. Waterman (2013), ‘The Relation between Economics and Theology in Caritas in Veritate’, Erasmus Journal for Philosophy and Economics, 6 (2), Autumn, 24–42
23. Rowan Williams (2010), ‘Theology and Economics: Two Different Worlds?’, Anglican Theological Review, 92 (4), Fall, 607–15
24. Amos Yong (2010), ‘Pentecostal Health and Wealth: A Theology of Economics’, in In the Days of Caesar: Pentecostalism and Political Theology: The Cadbury Lectures 2009, Part II, Chapter 7, Grand Rapids, MI, USA and Cambridge, UK: Wm. B. Eerdmans Publishing Company, 257–315
25. Andrew M. Yuengert (2014), ‘It’s Not Bad to Have Limits, as Long as You Know Them: What the Aristotelian Tradition Can Offer Economics’, Faith and Economics, 64, Fall, 37–54
PART III RELIGION, CAPITALISM AND DEVLOPMENT
26. Peter S. Heslam (2008), ‘The Role of Business in the Fight against Poverty’, in Ian R. Harper and Samuel Gregg (eds), Christian Theology and Market Economics, Part III, Chapter 10, Cheltenham, UK and Northampton, MA, USA: Edward Elgar Publishing, 164–80
27. Rachel M. McCleary (2007), ‘Salvation, Damnation, and Economic Incentives’, Journal of Contemporary Religion, 22 (1), January, 49–74
28. Deirdre N. McCloskey (2013), ‘Work in the World: An Economist''s Sermon’, Faith and Economics, 61, Spring, 66–71
29. Bryant L. Myers (2000), ‘The Church and Transformational Development’, Transformation: An International Journal of Holistic Mission Studies, 17 (2), April, 64–7
30. Nathan Nunn (2010), ‘Religious Conversion in Colonial Africa’, American Economic Review: Papers and Proceedings, 100 (2), May, 147–52
31. J. David Richardson (2014), ‘Social Entrepreneurship For the Sake of the Kingdom: Why Microeconomics Matters’, Inaugural John Mason Lecture, Gordon College, October 13, 2014, Wenham, MA, USA, 1–11
32. Paul S. Williams (2012), ‘Capitalism, Religion and the Economics of the Biblical Jubilee’, Paper Presented at the Globalisation for the Common Good Initiative 10th Annual International Conference, September 2-5, 2012, Oxford, UK, 1–8
33. Robert D. Woodberry (2012), ‘The Missionary Roots of Liberal Democracy’, American Political Science Review, 106 (2), May, 244–74
PART IV ECONOMICS OF RELIGION
34. Ram A. Cnaan, Tuomi Forrest, Joseph Carlsmith and Kelsey Karsh (2013), ‘If You Do Not Count It, It Does Not Count: A Pilot Study of Valuing Urban Congregations’, Journal of Management, Spirituality and Religion, 10 (1), 3–36
35. Robert B. Ekelund, Jr., Robert F. Hébert and Robert D. Tollison (2002), ‘An Economic Analysis of the Protestant Reformation’, Journal of Political Economy, 110 (3), June, 646–71
36. Jonathan Gruber and Daniel M. Hungerman (2008), ‘The Church versus the Mall: What Happens when Religion Faces Increased Secular Competition?’, Quarterly Journal of Economics, 123 (2), May, 831–62
37. Jay C. Hartzell, Christopher A. Parsons and David L. Yermack (2010), ‘Is a Higher Calling Enough? Incentive Compensation in the Church’, Journal of Labor Economics, 28 (3), July, 509–39
38. Daniel M. Hungerman (2005), ‘Are Church and State Substitutes? Evidence from the 1996 Welfare Reform’, Journal of Public Economics, 89 (11–12), December, 2245–67
39. Laurence R. Iannaccone (2012), ‘Extremism and the Economics of Religion’, Economic Record, Special Issue: Selected Papers from the 40th Australian Conference of Economists, 88 (S1), June, 110–15
40. Derek Neal (2005), ‘Comments on the Economics of Religion’, Faith and Economics, Symposium: The Economics of Religion, 46, Fall, 10–13
41. Jörg Stolz (2009), ‘Explaining Religiosity: Towards a Unified Theoretical Model’, British Journal of Sociology, 60 (2), June, 345–76
42. Christian Smith, Michael O. Emerson and Patricia Snell (2008), ‘Who Gives?’, Christian Century, 125 (20), October, 26–9
PART V ECONOMICS AND BIBLICAL STUDIES
43. John H. Elliott (2008), ‘From Social Description to Social-Scientific Criticism. The History of a Society of Biblical Literature Section 1973–2005’, Biblical Theology Bulletin: Journal of Bible and Culture, 38 (1), February, 26–36
44. Morris Silver (2004), ‘Modern Ancients’, in Robert Rollinger and Christoph Ulf (eds), Commerce and Monetary Systems in the Ancient World: Means of Transmission and Cultural Interaction: Proceedings of the Fifth Annual Symposium of the Assyrian and Babylonian Intellectual Heritage Project (Melammu) Held in Innsbruck, Austria, October 3rd–8th 2002, Stuttgart, Germany: Franz Steiner Verlag, 65–87
45. Johannes Renger (1994), ‘On Economic Structures in Ancient Mesopotamia: Part One’, Orientalia, 63 (3), 157–208
46. Edd S. Noell (2007), ‘A “Marketless World”? An Examination of Wealth and Exchange in the Gospels and First-Century Palestine’, Journal of Markets and Morality, 10 (1), Spring, 85–114
47. Philip F. Esler (2014), ‘An Outline of Social Identity Theory’, in J. Brian Tucker and Coleman A. Baker (eds), T&T Clark Handbook to Social Identity in the New Testament, Part I, Chapter 2, London, UK and New York, NY, USA: Bloomsbury T&T Clark, 13–39
48. Zeba Crook (2009), ‘Honor, Shame, and Social Status Revisited’, Journal of Biblical Literature, 128 (3), Fall, 591–611
49. Deborah Storie and Mark Brett (2009), ‘The Church in the Economy of God’, Zadok Perspectives, 102, Autumn, 5–10
50. Peter Temin (2001), ‘A Market Economy in the Early Roman Empire’, Journal of Roman Studies, 91, November, 169–81
51. Walter Scheidel and Steven J. Friesen (2009), ‘The Size of the Economy and the Distribution of Income in the Roman Empire’, Journal of Roman Studies, 99, November, 61–91
Index
Introduction Paul Oslington, Paul S. Williams and Mary Hirschfeld
PART I HISTORICAL RELATIONSHIPS
1. Dotan Leshem (2014), ‘The Ancient Art of Economics’, European Journal of the History of Economic Thought, 21 (2), 201–29
2. Constant J. Mews and Ibrahim Abraham (2007), ‘Usury and Just Compensation: Religious and Financial Ethics in Historical Perspective’, Journal of Business Ethics, 72 (1), April, 1–15
3. M. Douglas Meeks (2011), ‘The Peril of Usury in the Christian Tradition’, Interpretation, 65 (2), April, 128–40
4. Peter Harrison (2011), ‘Adam Smith and the History of the Invisible Hand’, Journal of the History of Ideas, 72 (1), January, 29–49
5. Paul Oslington (2012), ‘God and the Market: Adam Smith’s Invisible Hand’, Journal of Business Ethics, 108 (4), July, 429–38
6. Matthew B. Arbo (2014), ‘Theodicy and Commerce’, Studies in Christian Ethics, 27 (2), May, 131–43
7. Paul Oslington (2013), ‘God and Economic Suffering’, CRUX, 49 (3), Fall, 12–19
8. Bradley W. Bateman (2008), ‘2007 Presidential Address: Reflections on the Secularization of American Economics,’ Journal of the History of Economic Thought, 30 (1), March, 1–20
9. Thomas C. Leonard (2011), ‘Religion and Evolution in Progressive Era Political Economy: Adversaries or Allies?’, History of Political Economy, 43 (3), Fall, 429–69
10. Anthony M. C. Waterman (2008), ‘Is “Political Economy” Really a Christian Heresy?’, Faith and Economics, 51, Spring, 31–55
PART II RELIGIOUS ECONOMICS AND ITS CRITICS
11. António Almodovar and Pedro Teixeira (2010), ‘Is There a Catholic Economic Thought? Some Answers from the Past’, in Daniela Fernanda Parisi and Stefano Solari (eds), Humanism and Religion in the History of Economic Thought: Selected Papers from the 10th Aispe Conference, Part II, Milan, Italy: FrancoAngeli s.r.l., 125–47
12. Mary Hirschfeld (2014), ‘On the Relationship Between Finite and Infinite Goods, Or: How to Avoid Flattening’, Econ Journal Watch, 11 (2), May, 179–85
13. William McGurn (2002), ‘Pulpit Economics’, First Things, 122, April, 21–5
14. Paul Oslington (2010–2011), ‘Popes and Markets’, Policy, 26 (4), Summer, 31–34A
15. Daniel P. Payne and Christopher Marsh (2009), ‘Sergei Bulgakov’s “Sophic” Economy: An Eastern Orthodox Perspective on Christian Economics’, Faith and Economics, 53, Spring, 35–51
16. Michael Schluter (2010), ‘Beyond Capitalism: Towards a Relational Economy’, Cambridge Papers, 19 (1), March, 1–4
17. Kathryn Tanner (2004), ‘Economies of Grace’, in William Schweiker and Charles Mathewes (eds), Having: Property and Possession in Religious and Social Life, Part 3, Grand Rapids, MI, USA and Cambridge, UK: Wm. B. Eerdmans Publishing Company, 353–82
18. Miroslav Volf (2010), ‘Hunger for Infinity: Christian Faith and the Dynamics of Economic Progress’, in Captive to the Word of God: Engaging the Scriptures for Contemporary Theological Reflection, Part III, Chapter 6, Grand Rapids, MI, USA and Cambridge, UK: Wm. B. Eerdmans Publishing Company, 151–78
19. A. M. C. Waterman (1991), ‘The Intellectual Context of Rerum Novarum’, Review of Social Economy, Special Issue: Centennial of “Rerum Novarum” and Semicentennial of the Association, 49 (4), Winter, 465–82
20. A. M. C. Waterman (1999), ‘Market Social Order and Christian Organicism in Centesimus Annus’, Journal of Markets and Morality, 2 (2), Fall, 220–33
21. Anthony Waterman (2003), ‘Should We Listen to the Churches When They Speak on Economic Issues?’, Agenda: A Journal of Policy Analysis and Reform, 10 (3), April, 277–88
22. A. M. C. Waterman (2013), ‘The Relation between Economics and Theology in Caritas in Veritate’, Erasmus Journal for Philosophy and Economics, 6 (2), Autumn, 24–42
23. Rowan Williams (2010), ‘Theology and Economics: Two Different Worlds?’, Anglican Theological Review, 92 (4), Fall, 607–15
24. Amos Yong (2010), ‘Pentecostal Health and Wealth: A Theology of Economics’, in In the Days of Caesar: Pentecostalism and Political Theology: The Cadbury Lectures 2009, Part II, Chapter 7, Grand Rapids, MI, USA and Cambridge, UK: Wm. B. Eerdmans Publishing Company, 257–315
25. Andrew M. Yuengert (2014), ‘It’s Not Bad to Have Limits, as Long as You Know Them: What the Aristotelian Tradition Can Offer Economics’, Faith and Economics, 64, Fall, 37–54
PART III RELIGION, CAPITALISM AND DEVLOPMENT
26. Peter S. Heslam (2008), ‘The Role of Business in the Fight against Poverty’, in Ian R. Harper and Samuel Gregg (eds), Christian Theology and Market Economics, Part III, Chapter 10, Cheltenham, UK and Northampton, MA, USA: Edward Elgar Publishing, 164–80
27. Rachel M. McCleary (2007), ‘Salvation, Damnation, and Economic Incentives’, Journal of Contemporary Religion, 22 (1), January, 49–74
28. Deirdre N. McCloskey (2013), ‘Work in the World: An Economist''s Sermon’, Faith and Economics, 61, Spring, 66–71
29. Bryant L. Myers (2000), ‘The Church and Transformational Development’, Transformation: An International Journal of Holistic Mission Studies, 17 (2), April, 64–7
30. Nathan Nunn (2010), ‘Religious Conversion in Colonial Africa’, American Economic Review: Papers and Proceedings, 100 (2), May, 147–52
31. J. David Richardson (2014), ‘Social Entrepreneurship For the Sake of the Kingdom: Why Microeconomics Matters’, Inaugural John Mason Lecture, Gordon College, October 13, 2014, Wenham, MA, USA, 1–11
32. Paul S. Williams (2012), ‘Capitalism, Religion and the Economics of the Biblical Jubilee’, Paper Presented at the Globalisation for the Common Good Initiative 10th Annual International Conference, September 2-5, 2012, Oxford, UK, 1–8
33. Robert D. Woodberry (2012), ‘The Missionary Roots of Liberal Democracy’, American Political Science Review, 106 (2), May, 244–74
PART IV ECONOMICS OF RELIGION
34. Ram A. Cnaan, Tuomi Forrest, Joseph Carlsmith and Kelsey Karsh (2013), ‘If You Do Not Count It, It Does Not Count: A Pilot Study of Valuing Urban Congregations’, Journal of Management, Spirituality and Religion, 10 (1), 3–36
35. Robert B. Ekelund, Jr., Robert F. Hébert and Robert D. Tollison (2002), ‘An Economic Analysis of the Protestant Reformation’, Journal of Political Economy, 110 (3), June, 646–71
36. Jonathan Gruber and Daniel M. Hungerman (2008), ‘The Church versus the Mall: What Happens when Religion Faces Increased Secular Competition?’, Quarterly Journal of Economics, 123 (2), May, 831–62
37. Jay C. Hartzell, Christopher A. Parsons and David L. Yermack (2010), ‘Is a Higher Calling Enough? Incentive Compensation in the Church’, Journal of Labor Economics, 28 (3), July, 509–39
38. Daniel M. Hungerman (2005), ‘Are Church and State Substitutes? Evidence from the 1996 Welfare Reform’, Journal of Public Economics, 89 (11–12), December, 2245–67
39. Laurence R. Iannaccone (2012), ‘Extremism and the Economics of Religion’, Economic Record, Special Issue: Selected Papers from the 40th Australian Conference of Economists, 88 (S1), June, 110–15
40. Derek Neal (2005), ‘Comments on the Economics of Religion’, Faith and Economics, Symposium: The Economics of Religion, 46, Fall, 10–13
41. Jörg Stolz (2009), ‘Explaining Religiosity: Towards a Unified Theoretical Model’, British Journal of Sociology, 60 (2), June, 345–76
42. Christian Smith, Michael O. Emerson and Patricia Snell (2008), ‘Who Gives?’, Christian Century, 125 (20), October, 26–9
PART V ECONOMICS AND BIBLICAL STUDIES
43. John H. Elliott (2008), ‘From Social Description to Social-Scientific Criticism. The History of a Society of Biblical Literature Section 1973–2005’, Biblical Theology Bulletin: Journal of Bible and Culture, 38 (1), February, 26–36
44. Morris Silver (2004), ‘Modern Ancients’, in Robert Rollinger and Christoph Ulf (eds), Commerce and Monetary Systems in the Ancient World: Means of Transmission and Cultural Interaction: Proceedings of the Fifth Annual Symposium of the Assyrian and Babylonian Intellectual Heritage Project (Melammu) Held in Innsbruck, Austria, October 3rd–8th 2002, Stuttgart, Germany: Franz Steiner Verlag, 65–87
45. Johannes Renger (1994), ‘On Economic Structures in Ancient Mesopotamia: Part One’, Orientalia, 63 (3), 157–208
46. Edd S. Noell (2007), ‘A “Marketless World”? An Examination of Wealth and Exchange in the Gospels and First-Century Palestine’, Journal of Markets and Morality, 10 (1), Spring, 85–114
47. Philip F. Esler (2014), ‘An Outline of Social Identity Theory’, in J. Brian Tucker and Coleman A. Baker (eds), T&T Clark Handbook to Social Identity in the New Testament, Part I, Chapter 2, London, UK and New York, NY, USA: Bloomsbury T&T Clark, 13–39
48. Zeba Crook (2009), ‘Honor, Shame, and Social Status Revisited’, Journal of Biblical Literature, 128 (3), Fall, 591–611
49. Deborah Storie and Mark Brett (2009), ‘The Church in the Economy of God’, Zadok Perspectives, 102, Autumn, 5–10
50. Peter Temin (2001), ‘A Market Economy in the Early Roman Empire’, Journal of Roman Studies, 91, November, 169–81
51. Walter Scheidel and Steven J. Friesen (2009), ‘The Size of the Economy and the Distribution of Income in the Roman Empire’, Journal of Roman Studies, 99, November, 61–91
Index
